Real Estate Asset Management Company (REAM) - KPSC (KWSE:REAM) entered into agreement to acquire 18.76% stake in Al Mal Investment Company - KPSC (KWSE:ALMAL) from Al Khair National for Stocks and Real Estate Company for KWD 1.6 million on November 18, 2018. Under the transaction, Real Estate Asset Management Company (REAM) - KPSC will acquire 58.2 million shares of Al Mal Investment Company at KWD 0.027 per share. Post acquisition, Al Khair National for Stocks and Real Estate Company will hold no stake in Al Mal Investment Company - KPSC.

Real Estate Asset Management Company (REAM) - KPSC (KWSE:REAM) completed the acquisition of 18.76% stake in Al Mal Investment Company - KPSC (KWSE:ALMAL) from Al Khair National for Stocks and Real Estate Company on November 26, 2018.